A sales rep is paid a commission on each product sold. The commission is
A. part of the total fixed cost.
B. part of the total cost, but not specifically a fixed cost or a variable cost.
C. not included in figuring average cost.
D. part of the total variable cost.
E. None of these answers is correct.
Answer: D
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What will be an ideal response?
For purposes of preparing the statement of cash flows, cash is defined as including both cash and cash equivalents
Indicate whether the statement is true or false
Nonprofit organizations have a competitive advantage over for-profit organizations securing government contracts because ______.
A. government officials trust nonprofits more than for-profits B. public officials perceive for-profit organizations provide poorer services C. government officials no longer perceive for-profit organizations as creditworthy D. nonprofits are distancing themselves from relationships with for-profit organizations
A well-written executive summary is often the key to whether a report communicates or not
a. true b. false